UBS AG

Analysts & Investors

Annual Reporting 2005

Annual Review

Financial Report

Handbook




	UBS financial highlights

	UBS at a glance

	Sources of information





	UBS reporting structure

	Measurement and analysis of performance

	UBS Results





	UBS Performance Indicators





	Results

	Global Wealth Management & Business Banking

	Wealth Management International & Switzerland

	Wealth Management US

	Business Banking Switzerland

	Global Asset Management

	Investment Bank

	Corporate Center





	Industrial Holdings





	Balance sheet and off-balance sheet

	Cash flows





	Accounting principles

	Critical accounting policies





	Financial Statements





	Note 1 Summary of Significant Accounting Policies

	Note 2 Segment Reporting by Business Group

	Note 3 Net Interest and Trading Income

	Note 4 Net Fee and Commission Income

	Note 5 Other Income

	Note 6 Personnel Expenses

	Note 7 General and Administrative Expenses

	Note 8 Earnings per Share (EPS) and Shares Outstanding

	Note 9

	Note 10 Securities Borrowing, Securities Lending, Repurchase and Reverse Repurchase Agreements

	Note 11 Trading Portfolio

	Note 12 Financial Investments (available-for-sale)

	Note 13 Investments in Associates

	Note 14 Property and Equipment

	Note 15 Goodwill and Other Intangible Assets

	Note 16 Other Assets

	Note 17 Due to Banks and Customers

	Note 18 Financial Liabilities Designated at Fair Value and Debt Issued

	Note 19 Other Liabilities

	Note 20 Provisions

	Note 21 Income Taxes

	Note 22 Derivative Instruments

	Note 23 Fiduciary Transactions

	Note 24 Commitments and Contingent Liabilities

	Note 25 Operating Lease Commitments

	Note 26 Pledged Assets and Pledgeable Off-Balance Sheet Securities

	Note 27 Litigation

	Note 28 Financial Instruments Risk Position

	Note 29 Fair Value of Financial Instruments

	Note 30 Pension and Other Post-Retirement Benefit Plans

	Note 31 Equity Participation and Other Compensation Plans

	Note 32 Related Parties

	Note 33 Securitizations

	Note 34 Post-Balance Sheet Events

	Note 35 Significant Subsidiaries and Associates

	Note 36 Invested Assets and Net New Money

	Note 37 Business Combinations

	Note 38 Discontinued Operations

	Note 39 Currency Translation Rates

	Note 40 Swiss Banking Law Requirements

	Note 41 Reconciliation of International Financial Reporting Standards (IFRS) to United States Generally Accepted Accounting Principles (US GAAP)

	Note 42 Additional Disclosures Required under US GAAP and SEC Rules





	Parent Bank Review

	Financial Statements

	Accounting Principles

	Additional Income Statement Information

	Additional Balance Sheet Information

	Off-Balance Sheet and Other Information





	A – Introduction

	B – Selected Financial Data

	C – Information on the Company

	D – Information Required by Industry Guide 3

UBS Homepage > Investor Relations > Annual Reporting 2005 > Financial Report > Additional Balance Sheet Information

Additional Balance Sheet Information

Allowances and Provisions

CHF million	Balance at 31.12.04	Provisions applied in accordance with their specified purpose	Recoveries doubtful interest, currency translation differences	Provisions released to income	New provisions charged to income	Balance at 31.12.05
Default risks (credit and country risk)	2,777	(629)	61	(971)	598	1,836
Trading portfolio risks	3,337		534		9	3,880
Litigation risks	233	(80)	148	(62)	89	328
Operational risks	1,508	(56)	(105)	(247)	562	1,662
Capital and income taxes	1,858	(1,658)	72	1,839	2,111
Total allowances and provisions	9,713	(2,423)	710	(1,280)	3,097	9,817
Allowances deducted from assets	5,784					5,568
Total provisions as per balance sheet	3,929					4,249

Statement of Shareholders’ Equity

CHF million	Share capital	General statutory reserves: Share premium	General statutory reserves: Retained earnings	Reserves for own shares	Other reserves	Total shareholders’ equity (before distribution of profit)
As at 31.12.03 and 1.1.04	946	6,141	1,071	8,024	24,388	40,570
Cancellation of own shares	(47)				(4,469)	(4,516)
Capital increase	2	72				74
Increase in reserve			288		(288)
Prior year dividend					(2,806)	(2,806)
Profit for the period					5,946	5,946
Changes in reserves for own shares				1,032	(1,032)
As at 31.12.04 and 1.1.05	901	6,213	1,359	9,056	21,739	39,268
Cancellation of own shares	(32)				(3,511)	(3,543)
Capital increase	2	33				35
Increase in reserve			322		(322)
Prior year dividend					(3,105)	(3,105)
Profit for the period					13,497	13,497
Changes in reserves for own shares				1,506	(1,506)
As at 31.12.05	871	6,246	1,681	10,562	26,792	46,152

Share Capital

	Par value		Ranking for dividends
	No. of shares	Capital in CHF	No. of shares	Capital in CHF
As at 31.12.05
Issued and paid up	1,088,632,522	870,906,018	1,054,747,522	843,798,018
Conditional share capital	1,823,501	1,458,801
As at 31.12.04
Issued and paid up	1,126,858,177	901,486,542	1,086,923,083	869,538,466
Conditional share capital	3,533,012	2,826,410

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